Searches And Hires
The board also disclosed private equity and real estate commitments today.
The city is searching for advisory services for its five investment accounts with more than $1.1 billion in assets.
The county made a hire in its investment management services search last month.
The retirement system made two commitments last month for diversification purposes.
The retirement system also concluded an emerging markets equity manager search in the third quarter.
The retirement association is conducting the search to neutralize the portfolio’s value tilt.
The retirement system will interview two firms to potentially replace its $80 million international large-cap value equity mandate.
The retirement fund also disclosed commitments totaling $1.6 billion in September.
The city is seeking firms to provide discretionary investment management, policy support, custody coordination, accounting and reporting for its eight investment portfolios totaling more than $100 million.
Two large foundations have provided anchor investments in a new local journalism fund managed by a social impact registered investment advisory firm.
